Oak Lane Management Limited - Accounts to registrar - small 17.2

Oak Lane Management Limited - Accounts to registrar - small 17.2

OAK LANE MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 07885636 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

OAK LANE MANAGEMENT LIMITED

OAK LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 07885636)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OAK LANE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Oak Lane Management Limited
P Macdonald
Mrs S L Macdonald





REGISTERED OFFICE: 1-3 Churchyardside
Nantwich
Cheshire
CW5 5DE





REGISTERED NUMBER: 07885636 (England and Wales)





ACCOUNTANTS: Howard Worth Chartered Accountants
Bank Chambers
3 Churchyardside
Nantwich
Cheshire
CW5 5DE
Page 1
OAK LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 07885636)

BALANCE SHEET
31 DECEMBER 2016

31/12/16 31/12/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81 121

CURRENT ASSETS
Debtors 5 - 2,031
Cash at bank 3,143 781
3,143 2,812
CREDITORS
Amounts falling due within one year 6 5,353 649
NET CURRENT (LIABILITIES)/ASSETS (2,210 ) 2,163
TOTAL ASSETS LESS CURRENT
LIABILITIES
(2,129
)
2,284

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,130 ) 2,283
SHAREHOLDERS' FUNDS (2,129 ) 2,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2017 and were signed on its
behalf by:





P Macdonald - Director


The notes form part of these financial statements

Page 2
OAK LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 07885636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Oak Lane Management Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A ''Small
Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK
and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared
under the historical cost convention.

These are the first financial statements the Company has prepared in accordance with Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of
Ireland'' (FRS 102) as applied to smaller entities by the adoption of Section 1A of FRS 102. The
financial statements for the year ended 31 December 2015 were prepared in accordance with
Financial Reporting Standard for Smaller Entities (effective January 2015) (FRSSE).

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and
accounting policy choices differ from the FRSSE. Consequently the directors have amended certain
accounting policies to comply with FRS 102. The directors have also taken advantage of certain
exemptions from the requirements of FRS 102 permitted by FRS 102 Chapter 35 ''Transition to FRS''.
There are no changes in the prior period on transition to FRS 102 as the directors consider them to be
immaterial to financial statements

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 3 continued...
OAK LANE MANAGEMENT LIMITED (REGISTERED NUMBER: 07885636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2016
and 31 December 2016 604
DEPRECIATION
At 1 January 2016 483
Charge for year 40
At 31 December 2016 523
NET BOOK VALUE
At 31 December 2016 81
At 31 December 2015 121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Other debtors - 2,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Other creditors 4,704 -
Accrued expenses 649 649
5,353 649

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,160 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Macdonald.

Page 4